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Is it legal to trade on Eureka?

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Release: 2024-07-17 16:00:00
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European Exchange is legal outside mainland China. OUYI is registered and regulated in Seychelles. Operations are also legal in most other countries. A person's place of residence and local laws and regulations are key factors. Before using OUYI services, it is recommended to consult professional legal counsel.

Is it legal to trade on Eureka?

Is trading on EuroExchange legal?

Short answer: Legal outside mainland China.

Detailed description:

European Exchange (formerly Binance) is a digital asset trading platform that provides cryptocurrency trading services. Its legality varies according to the laws and regulations of different countries.

In Mainland China:

  • Cryptocurrency trading was banned by the People’s Bank of China (PBOC) in September 2019.
  • Therefore, Eurex Exchange is illegal in mainland China.

Outside mainland China:

  • European Exchange is registered and regulated in Seychelles.
  • European Exchange’s operations are legal in most other countries/regions.

Factors to consider:

  • One’s place of residence and local laws and regulations.
  • European Exchange regularly updates its list of operating countries.
  • It is recommended to consult professional legal counsel before using Eureka Exchange services.

Note:

  • There is great volatility in the cryptocurrency market and investment is risky.
  • Make sure you understand the risks and take appropriate steps before trading on Eureka Exchange.

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